By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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FCA lays out Pisces rules with trading to begin later this year

June 10, 2025

The UK’s financial regulator has published its rulebook for the new Pisces market framework, laying the ground for trading to commence later this year. The new type of platform, which facilitates the trading of shares in private companies, promises to address a long-standing liquidity gap for growth companies and early investors, offering a potential bridge [...]
Oxford Instruments shares sink as it sells quantum business to US firm

June 10, 2025

Oxford Instruments has become the latest British business to hand its quantum technology to the US after reaching a deal with California-based Quantum Design. The FTSE 250 business has offloaded its quantum arm, called NanoScience, to the US firm in a £60m deal, a move it said would help improve focus on profitability amid a [...]
Bellway: Completions surge at FTSE 250 housebuilder

June 10, 2025

Bellway has said it expects to see a surge in home completions amid an increase in consumer confidence and reservation rates. The FTSE 250 housebuilder and property developer said it was well-positioned to deliver cumulative volume growth of 20 per cent over the two years to end July 2026. In a trading update, the Newcastle-based [...]
Lord Ashcroft bought shares in Mitie on day it made offer for firm he founded

June 10, 2025

Lord Ashcroft bought shares in Mitie on the same day it unveiled £370m takeover talks for a business he co-founded, City AM can reveal. The peer and Tory grandee spent £1m acquiring 714,600 shares in the facilities management company on Thursday 5 June, company filings show, the day the firm confirmed it was in talks [...]
Bargain basement Britain: Tech takeovers continue with three billion-pound swoops in a day

June 9, 2025

The frenzy of UK tech takeovers showed no signs of slowing down on Monday after three separate billion-pound M&A moves were made within hours of each other as US tech giants continued their hunt for British bargains. First to announce a move on Monday was London-listed semiconductor firm Alphawave, which confirmed it had reached an [...]
Alphawave reaches deal on Qualcomm takeover

June 9, 2025

Alphawave is poised to become the latest tech firm to quit the London Stock Exchange after reaching a $2.4bn (£2.8bn) deal to be acquired by Qualcomm. The British semiconductor business said its board would now recommend to shareholders the terms of the acquisition after weeks of talks, which began in April. The cash offer of [...]
Rachel Reeves may have to ‘revisit’ manifesto tax pledges to meet fiscal rules, economists warn

June 6, 2025

Rachel Reeves may have to tear up Labour’s manifesto tax commitments to meet her tight fiscal rules, economists have warned, as the Chancellor battles to balance the books amid calls for higher spending on defence and welfare. A suite of new day-to-day spending commitments made by the Treasury in recent weeks, including reversing cuts to [...]
‘A tax burden without precedent in the 21st Century’: Pub chain McMullen’s blasts government tax hikes

June 6, 2025

One of Britain’s biggest pub chains has taken aim at the government’s “damaging” tax hikes, warning they will lead to lower demand and investment and have forced the hospitality sector to “bear the brunt” of rises in government spending. Hertford-based McMullen’s, which operates around 120 pubs in London and the home counties, including the Old [...]
Will the Bank of England’s quantitative tightening torpedo Reeves’ fiscal rules?

June 5, 2025

Rachel Reeves is in a pickle. At under £10bn, the Chancellor’s self-imposed fiscal headroom – the Treasury’s wiggle room within its fiscal rules – is already wafer-thin by historic standards. And it is under intense strain, given a recent slew of billion-pound government spending pledges such as reversing winter fuel payments cuts and scrapping the [...]
Exec behind Lloyds mass affluent push quits within days of launch

June 4, 2025

A Lloyds exec behind the bank’s push to attract “mass affluent” customers has departed within days of the launch of its new service. Jo Harris, who has been with the FTSE 100 bank for more than a decade, would be leaving at the end of the month, according to an internal memo seen by the [...]

Starmer future speculation sparks sell-off in long-dated bonds and pound

Great Britain bid to bag $2m at Davis Cup continues

Arcadia at the Old Vic is a brilliant farewell to Tom Stoppard

By: Simon Hunt

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